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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
June 08, 2002

Comments: In the open market this week, thin trading sessions made the Rupee to trade with a firm footing against the Green back and continued with the same throughout the week. The Rupee showed no major change in its price in most of the trading sessions as it hovered between Rs. 60.50 and Rs. 60.60 respectively as no major buying and selling was recorded.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.575

60.55

.0412

66.25

-8.5660

 


Comments: The trading trend between Rupee and Pound Sterling remained sluggish and the Rupee traded firmly on the desks. The demand of the Pound Sterling remained normal and no major change in the trading turnover was recorded. The supply of the currency remained normal in the market and thus the Rupee ended the week with a firm note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

88.175 88.30 -.1415 91.1 -3.2107

 


Comments: In the domestic market, the Rupee remained unchanged against the German Mark this week too as the market trend supported the national currency throughout the week. The demand of the German Mark remained normal and thus the Rupee managed to keep an upper hand on the currency.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.05 28.80 .8680 28.5 1.9298

 


Comments: Yen, like the other currencies in the market, traded at a constant value against the Pak Rupee this week and thus no major change in the values was recorded here in the kerb. However, the slowdown in the trading activities of the country has lowered down the demand of Yen.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.482 0.4825 -.1036 0.5355 -9.9906